Surge In Cases Of Deteriorating Eye Health Propels The Eyewear Market Growth: Strategic Insights Driving Eyewear Market Momentum in 2025

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What Will the Eyewear Industry Market Size Be by 2025?
The rapid growth of the eyewear market size in the past few years is significant. The market, which was worth $158.53 billion in 2024, is predicted to expand to $175.31 billion in 2025, indicating a compound annual growth rate (CAGR) of 10.6%. This substantial growth throughout the historical phase was influenced by factors such as emerging fashion and style trends, a rise in vision impairments, increased awareness about UV protection, celebrity involvement and influence, along with an aging population.

What's the Long-Term Growth Forecast for the Eyewear Market Size Through 2029?
In the coming years, the eyewear market is predicted to experience substantial expansion. Its projection is to climb to $268.57 billion in 2029, with a compound annual growth rate (CAGR) of 11.3%. The anticipated growth during the forecast period can be credited to factors such as innovative developments in smart eyewear, adoption of eco-friendly and sustainable measures, globalization, and market expansion. Additionally, personalization, customization, and the emergence of online try-on services also contribute to this growth. During the forecast period, key trends like increasing awareness of digital eye strain, technological progression, emphasis on sustainable eyewear, dominance of e-commerce, and the rise of blue light filtering technology are also anticipated.

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What Are the Key Growth Drivers Fueling the Eyewear Market Expansion?
The escalation in incidents of declining eye health is propelling the growth of the eyewear market. Declining eye health pertains to the loss of clear vision or the development of eye defects. Key reasons for this decline encompass age-related macular degeneration, cataract, diabetic retinopathy, glaucoma, and excessive screen time. The growing rate of eye health deterioration is likely to stimulate considerable demand for eyewear, as it rectifies eye disorders and enhances vision. For example, in May 2024, the Centers for Disease Control and Prevention, a U.S. Government organization, reported that around 60% of Americans over 40, or nearly 90 million people, have vision and eye issues. By 2050, vision-related problems in the U.S. are anticipated to notably increase. For instance, diabetic retinopathy will grow by 72%, cataracts by 87%, and both glaucoma and age-related macular degeneration will double. Both vision impairment and blindness are projected to rise by 150%, resulting in vision problem costs skyrocketing 157% to $373 billion. Hence, the rising instances of deteriorating eye health are expected to escalate eyewear demand in the forecast period.

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What Are the Key Trends Driving Eyewear Market Growth?
Emerging technology is a primary trend that's growing in the eyewear market. Developments like smart glasses are beginning to gain market share due to the convenience they provide. Smart glasses are devices featuring a computer screen or display that is situated in front of the wearer's eyes, utilizing suitable technology to transmit data from an auxiliary data system. This display can be integrated onto the lens or presented to the vision as a separate component. Apart from these features, smart glasses also offer advantages like Bluetooth connectivity, in-built speakers, and fitness tracking devices. Their modular design improves the user experience by providing comfort and convenience. Major market competitors are making efforts to reinforce their market standing by providing smart glasses. For instance, Titan, a luxury product company from India, launched Titan EyeX smart glasses in January 2022. This product boasts captivating features such as open-ear speakers, touch controls, and a fitness monitoring system. The Titan EyeX, equipped with Bluetooth v5.2, is compatible with both Android and iOS smartphones. It also has an integrated fitness tracker and is resistant to dust and water. These smart glasses even allow voice navigation and provide alerts during prolonged usage, thanks to their open-ear speakers.

How Is the Eyewear Market Segmented?
The eyewear market covered in this report is segmented -

1) By Product: Contact Lenses, Spectacles, Sunglasses
2) By Gender: Men, Women, Unisex
3) By Distribution Channel: Optical Stores, Independent Brand Showrooms, Online Stores, Retail Stores

Subsegments:
1) By Contact Lenses: Soft Contact Lenses, Rigid Gas Permeable (RGP) Lenses, Colored Contact Lenses
2) By Spectacles: Prescription Glasses, Reading Glasses, Blue Light Blocking Glasses
3) By Sunglasses, Polarized Sunglasses, Fashion Sunglasses, Sports Sunglasses

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Which Companies Are Leading the Charge in Eyewear Market Innovation?
Major companies operating in the eyewear market include Silhouette International Schmied AG, JAND Inc., LVMH Moët Hennessy Louis Vuitton SE, Essilor International S.A., Carl Zeiss AG, Alcon Vision LLC, Hoya Corporation, Johnson & Johnson Vision Care Inc., Specsavers Optical Group Limited, GrandVision BV, Burberry Group plc, Bausch & Lomb Incorporated, The Cooper Companies Inc., Italia Independent Group S.p.A., Fielmann AG, Safilo Group S.p.A., Kering Eyewear, Marchon Eyewear Inc., Rodenstock GmbH, TAG Heuer SA, De Rigo Vision S.p.A., Marcolin S.p.A., Oakley Inc., Maui Jim Inc., Charmant Group Inc., Seiko Optical Products Co. Ltd., Lafont Paris, Luxottica Group S.p.A., Silmo Paris, Luxexcel Group BV

Which Regions Are Leading the Global Eyewear Market in Revenue?
North America was the largest region in the eyewear market in 2024. Asia-Pacific is expected to be the fastest-growing region in the eyewear market during the forecast period. The regions covered in the eyewear market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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